By using this site, you agree to our Privacy Policy and our Terms of Use. Close
badgenome said:
Avinash_Tyagi said:
As I pointed out, your argument also falls flat on the basis of your own beliefs, on personal responsibility, doing something stupid and then whining that the government made it too easy for you to do that stupid thing only shows that you were an idiot, it was their responsibility not to give out bad loans, and the consumers not to take them, so blaming the government is disingenuous, the government didn't forec them to make bad decisions.

Hardly. People are still responsible for making or accepting bad loans, sure, but the government is also responsible for incentivizing such reckless behavior.

The government may have incentivized, but if the government incentivized sticking your hand into a running wood chipper, would you do it? Seriously, you guys are forgetting that these companies had time to adjust and change course, even when all economic logic was telling them it was a bad idea to go forward, and yet they did, the blame falls on their shoulders for making bad decisions.  Not to mention, that still doesn't address all the other factors that were involved that had nothing to do with the government.



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)